This paper compares alternative risk transfer mechanisms (insurance solutions) in three countries, which were affected by the flood event in August 2005, namely Germany, Austria and Switzerland. The comparison focuses on the ability of the institutional solutions to dampen economic shocks caused by natural hazard events.
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resultsThis paper explores options for programs to be put in place prior to a disaster to avoid large and often poorly-managed expenditures following a catastrophe and to provide appropriate protection against the risk of those large losses which do occur.
The report describes the activities of the insurance industry. Insurers have begun to embrace a more sophisticated approac to climate change, increasingly recognizing the issue as one of “enterprise risk management,” which cuts across the domains of underwriting, asset management, and corporate governance.
The paper researched example of insurance products which limit and manage risk of extreme weather events.
Description of insurance situation against natural disasters in Germany
To address expected losses, the United Nations Framework Convention on Climate Change (UNFCCC) Parties have identified both disaster risk reduction strategies and risk transfer mechanisms including insurance as potential elements in a new climate agreement. This paper addresses the potential role of insurance in reducing disaster risk and thus advancing adaptation.
To allow a fully informed debate on adaptation, there is a need to consider the economic aspects of adaptation.
This article discusses the role insurance can play in adapting to climate change impacts. The particular focus is on the Dutch insurance sector, in view of the Netherlands being extremely vulnerable to climate change impacts.
Discussion on financing from investment and financial needs for enhancing funding for mitigation, adaptation and technology cooperation. Sectoral estimates of adaptation costs by region and globally for 2030.
Critique of UNFCCC (2007) and comment on global adaptation financing needs for 2030 in developing countries. Concludes the costs of adapting to climate change have been significantly under-estimated.
The core purpose of ADAM work package A2.4 was to address this gap in knowledge by undertaking a systematic review of existing and potential adaptation option across the EU (and internationally, where this information added value), with a specific focus on innovative technologies and institutions that can manage, reduce and/or transfer the risks associated with extreme events.
Work Package undertakes a systematic review of existing and potential adaptation options across the EU, with a specific focus on innovative technologies and institutions that can manage, reduce and/or transfer the risks associated with extreme events.
This paper reviews the status of weather and climate services in Europe and Central Asia.
The Technical Paper addresses the issue of freshwater. Climate, freshwater, biophysical and socio-economic systems are interconnected in complex ways. Hence, a change in any one of these can induce a change in any other. Freshwater-related issues are critical in determining key regional and sectoral vulnerabilities.
This paper examines the recent experience with insurance and other risk-financing instruments in developing countries in order to gain insights into their effectiveness in reducing economic insecurity.
The paper reviews the current knowledge on the implications of climate change for extreme weather and analyzes the ability of EcA countries to mitigate and manage the impact of extreme events. It recommends a variety of measures in the areas of financial and fiscal policy, disaster risk mitigation, and emergency preparedness and management to reduce current and future vulnerabilities.
This case-study deals with local institutional adaptation to climate change of water-related infrastructures in the Easter Ontario region. Canada.
This study applies an Integrated Assessment Model to gain insight in the interactions between adaptation costs, residual damages and mitigation costs and to analyse the effectiveness of a 2% levy on both the CDM and emissions trading from developing countries.
This paper argues that adaptation and mitigation should be kept largely separate. It also looks at a few exceptions where adaptation and mitigation should be integrated, and warns that the results are even more politically incorrect than seeing adaptation as accepting defeat in mitigation